Group Management Report
46
Products
80
Safety and Health
84
Environment
88
Human Resources
92
Social
Commitment
95
Consolidated Financial
Statements
99
Table of Contents
Letter from the Management Board
About This Report
Sustainability Management
Corporate Governance
Corporate Bodies and Management
Report of the Supervisory Board
Creating Added Value at ALTANA
Group Management Report
Group Basics
Business Development
Innovation and Employees
Subsequent Events
Expected Developments
Products
Safety and Health
Environment
Human Resources
Social Commitment
Consolidated Financial Statements
(condensed version)
Management Board Responsibility Statement
ALTANA Group Consolidated Income Statement
ALTANA Group Consolidated Statement of Financial Position
ALTANA Group Consolidated Statement of Cash Flows
Reference to the Consolidated Financial Statements
Multi-Year Overview
Global Compact: Communication on Progress (COP)
1
6
7
11
14
16
21
46
47
53
66
70
71
80
84
88
92
95
99
100
101
102
104
106
108
110
Legal Disclaimer
This Corporate Report is a translation of the Unternehmensbericht. The translation was prepared for
convenience only. In case of any discrepancy between the German version and the English translation, the
German version shall prevail.
This report contains forward-looking statements, i. e. current estimates or expectations of future events or
future results. The statements are based on beliefs of ALTANA as well as assumptions made by andinfor -
mation currently available to ALTANA. Forward-looking statements speak only as of the date they are made.
ALTANA does not intend and does not assume any obligation to update forward-looking statements to
refl ect facts, circumstances or events that have occurred or changed after such statements have been made.
Group Profi le 2018
Key figures at a glance
2017 2018 %
in € million
Sales 2,247.0 2,307.4 3
Earnings before interest, taxes, depreciation and amortization (EBITDA) 470.0 430.6 - 8
EBITDA margin 20.9 % 18.7 %
Operating income (EBIT) 335.9 295.8 - 12
EBIT margin 14.9 % 12.8 %
Earnings before taxes (EBT) 306.0 264.1 - 14
EBT margin 13.6 % 11.4 %
Net income (EAT) 234.6 187.0 - 20
EAT margin 10.4 % 8.1 %
Research and development expenses 142.5 154.1 8
Capital expenditure on intangible assets and property, plant and equipment 188.0 187.0 - 1
Cash Flow from operating activities 302.3 296.2 - 2
Return on capital employed (ROCE) 11.3 % 9.4 %
ALTANA Value Added (AVA) 84.0 37.6 - 55
Dec. 31, 2017 Dec. 31, 2018 %
in € million
Total assets 3,147.7 3,221.9 2
Shareholders’ equity 2,214.2 2,344.6 6
Net debt (-) / Net financial assets (+) ¹ (78.0) ( 95.6) - 23
Headcount ² 6,186 6,428 4
¹ Comprises cash and cash equivalents, current financial assets, marketable securities, loans granted, debt, and employee benefit obligations.
² When in the following the term “headcount” or “employees” is used, it refers to all staff members, male, female, or otherwise.
Due to rounding, this Corporate Report may contain minor differences between single values, and sums or percentages.
2017 2018 %
WAI 1 (number of occupational accidents with lost work time of one day or more
per million working hours)
4.01 3.67 - 8
WAI 2 (number of occupational accidents with lost work time of more than three days
per million working hours)
3.06 2.69 - 12
WAI 3 (number of lost work days due to occupational accidents per million working hours) 54.58 36.45 - 33
CO² total (Scope 1 + Scope 2) ³ (t) 187,548 193,085 3
CO² specific (Scope 1 + Scope 2) ³ (kg CO² / € gross value added) 0.21 0.21 0
CO² specific (Scope 1 + Scope 2) ³ (kg CO² / kg finished goods) 0.35 0.34 - 3
³ Scope1: direct emissions; Scope 2: indirect emissions